Malta relegated to Serie B - PL spokesmen
Standard and Poor’s report yesterday shows that Malta has been relegated to Serie B, Labour MP Karmenu Vella said this morning.
Addressing a news conference he said that the report was a certificate of five years of incompetence, the result of broken promises, uncertainty and indifference to warnings the government received in the past few years from, among others, the Central Bank and other credit rating agencies.
Mr Vella noted that this was Malta’s second downgrade since November.
The country’s debt was reducing its flexibility and it was borrowing for unproductive projects. The government was paying €250 million in interest, which amounted to 8.2 per cent of its revenue. If this went up to 10 per cent, Malta would get have downgrade.
Asked whether Labour had a roadmap the repayment of Enemalta’s debt, Mr Vella said €316 million were being paid through a special purpose vehicle over a 25-year period and the remaining €519 would be outstanding debt.
Through labour’s energy plan, Enemalta would make a saving of €187 million a year, €77 million of which would be used to reduce tariffs. The rest of the savings would be used to, among others, start eliminating some of Enemalta’s debts. No target date as to by when these debts would be eliminated was given.
He said that a Labour government would not privatise Airmalta and Enemalta.
Labour MP Charles Mangion mentioned the reference to Malta’s low female participation rate in the S&P report and said that Labour had an aggressive plan to increase this. It would be announcing this plan in the coming weeks.
MEP Edward Scicluna said that Labour’s measures for economic growth would be announced soon. He stated that the party would say how much each measure would cost.
The issue of the Prime Minister’s claim that 20,000 jobs had been created was raised with Prof. Scicluna saying this was a figment of the Prime Minister’s imagination. According to official statistics, he said, the Labour Force had increased by just 4,000.
Prof. Scicluna said that the PL’s report on energy would not be published in full as it had the percentage of profit margin the government was willing to give the private sector going in for the expense.
“We published enough to show the plan is credible,” he said.
Mr Vella noted that most proposals announced so far would lead to savings rather than expenses.
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I Mercieca
Jan 17th, 21:34
Mela fi zmienek meta kont ministru Perit Vella f'liemas divizjoni konna... Serie Z?
Tiftakar li kont irnexxielek tghamel record ta l-fuq minn 10,000 ruh bla xoghol?
Kieku qedin Serie B jigi l-investiment! Ikollna record fit-Turizmu! ikollna x-xoghol! Ikollna Restaurants mimlijin! Karozzi Lussuzi! Safar kull sena! Record ta' bejgh fil-Milied!
Dan hu l-istil ta hajja taghna l-Maltin.
Grazzi PN
Mr Joe Grima
Jan 17th, 20:33
Mr K Vella. Why should we trust YOU? You are one of the reasons why PL have been in opposition since 1998! Thanks to YOUR failed governance, PL government toppled after only 22 months! Your face reminds the Maltese of the VAT/CET gimmick. Should they trust you again? Once bitten, twice shy.
m farrugia
Jan 17th, 18:45
tlieta jew erbgha min nies biex ilahhaqu ma tonio fenech. jekk jitla il labour ikollna l-akbar kabinet fl-istorja, xi tlett ministri tal finanzi, ministru tal fjask tal power station, ministru tal gays u lesbians....jew hekk jew kollha jaghtu bejniethom ghax kollha weghdhom xi haga, mhux haga li anki lil mugliett,, li qabel lelezzjoni l-ohra tghidx kemm iddiskreditawh, weghdu xi haga
A Bezzina
Jan 17th, 18:40
@ John L Galea
You said: "It was Franco Debono who voted against not the PL." WRONG!! PL voted against the budget although it accepted that it was so good, that it intends to implement it if voted in! That is the epitome of irresponsibility! How childish and immature can PL get!! This party CANNOT be trusted ... EVER!!!!!
Joe M Borg
Jan 17th, 18:26
Oity that Mr Vella seems to be making fun of Malta's reputation being tarnished! But what are we to expect from someone who is a throwback to Malta's biggest government flop: MLP 1996/8? And THIS Mr Vella might become a minister in the near future! God help Malta. One of the team that betrayed us with the VAT/CET gimmick. STILL in politics, and STILL making fun of our beloved Island! Shame!
A Bezzina
Jan 17th, 18:48
Well said!!
joseph borg st john
Jan 17th, 18:19
Jekk dawn huma l imhuh tal lejber Alla jiharesna u jiliberana m cwec taghhom.
Joe M Borg
Jan 17th, 17:46
Thanks MR Vella for telling us that AT LAST, PL have admitted that PN put Malta in Serie A. Because to be relegated to Serie B, one has to spend some time in Serie A. The reason we were relegated to B is because 'bright' PL stopped our side's funding, when they voted against a budget which THEY intend to fulfil.
Joe M Borg
Jan 17th, 17:37
Dr Emmy Bezzina. Apart from a new coach, we probably need another party, like Partit Alpha, to make life lighter. As it is, we have no entertainment! What are your future plans?
victor bonello
Jan 17th, 17:09
having read most of the comments I cannot believe my eyes. How can the PN apologists blame Labour for this? It is indeed sad for all us Maltese that our Credibility has been diminished, but all this thanks to who is Governing and promising month after month that they would control the deficit and national debt. Instead they have failed both goal regularly . Thank you Tonio!
Joe M Borg
Jan 17th, 17:34
We blame PL because a few weeks before the budget vote, TWO credit raters gave Malta full marks. It was after PL voted against a budget (which they, after all, intend to fulfil), that they changed their opinion. PL 'missed' the part that said that although all around Malta other countries were crumbling (including Joseph's Cyprus), Malta is still doing very well.
G Caruana
Jan 17th, 16:23
Il vera trid tkun qammiel biex tkisser pajjiz halli tifranka 2.50 fil gima.
Fittxu taht is sufan u issibhom il 2.50.
U jekk hemm laburisti ipejpu, aqtawhom u tifrankaw it triplu flokk tigu tghidu hmerijiet li il powerstation
il kawza ta cancer.
L'izbah wahda Konrad adu kif qal li powerstation kawza ta leukemia ukol.
Erga ipprova kon.
marc pace
Jan 17th, 15:54
ax il guy vera jifhem fejn jithol dejn etc.....min dahhalna go hajt fin 96-98 honorevoli karmenu vella??
Angelo Vassallo
Jan 17th, 15:49
@ DR EMMANUEL BEZZINA, u l-ittri kollha l-ohra
By any chance, do you have joseph muscat in mind? Because if yes, he will surely take us GAS DOWN STRAIGHT INTO THE WALL
Joe M Borg
Jan 17th, 17:39
Probably Dr Bezzina intends to stand for the election again. It will be entertaining, after the success he achieved last time!
Chris Mifsud
Jan 17th, 14:23
The MALTA LABOUR PARTY must think we are really stupid!
If their impossible dream even had a chance it would only mean I would save 100 or 200 EU a year. BIG DEAL!
I am not ready to risk what is generally a good economy by voting MLP.
victor bonello
Jan 17th, 17:00
the energy question is just the tip of the ice berg. We need a change in Govt. not just to save 100 or 200 euros, but to rid ourselves of the people responsible of squandering millions - the BWSC power station, the Arriva flop, the Farimount contract, Air Malta etc etc etc..The PL has already taken steps to prevent corruption, something PN never did in 25 yrs, and will never do.
Joe M Borg
Jan 17th, 17:42
Victor. What about the Iceland flop; the Cyprus flop; the VAT flop; the 33 taxes flop; the stipend flop;? Should we change from one flop to a worse flop? If Joseph had been in Gonzi's place, he would hae followed Cypru's success. Thankfully, Gonzi was at the helm, and we were saved from sure disaster. Should we trust Cyprus Joe?
Denis Pace
Jan 17th, 14:17
Labour is beginning to sound like one of those Nigerian bank email scams, promising millions.
Unfortunately, many Maltese gullibles fell for that scam!
Joe M Borg
Jan 17th, 17:43
LIKE :-) Like the many who fell to PL's VAT gimmick. Being sorry afterwards does not help.
stephen koludrovic
Jan 17th, 14:13
Sounds better to be in the top ranks of the Serie B, than the last of serie A. Just my thoughts.
Jason Zammit
Jan 17th, 17:15
good one mate :)
Andre Sammut
Jan 17th, 14:12
So if we were "relegated to Serie B" we were once in Serie A!!!! But Lejber never told us that we were in Serie A but always moaning about everything!!!
Joe M Borg
Jan 17th, 17:44
This is the best one I've heard today.
Eric Bonello
Jan 17th, 14:04
There you go again, .because in the past opposition never voted with….you always mentioning the past when it suit you but when someone else mention the MLP past than that’s a different story. Well like you said if the opposition decision was based on what happened in the past then “the new direction” is another vote catching gimmick & shows that the MLP is still stuck in the past.
J Martinelli
Jan 17th, 14:01
How can someone like Edward Scicluna have the gall to complement Mangion & Vella's weak comments about the economy while at the same time refusing to;
a) explain how they arrive at their assessments
b) reveal reports about their energy policy claiming they contain 'commercial sensitive' elements!
Technical studies, environmental studies NEVER include 'commercial sensitive' elements!
Incredible!
M Borg
Jan 17th, 16:16
Well the answers should be enough for us. They want to spare us the trouble of going through the workings, have they got any ?
After all we are not experts. Have they told us who the experts are ?
Well no ....maybe that is also a " sensitive " element !
Angelo Vassallo
Jan 17th, 13:54
@ Kenneth Williams
Mela ghadek ma tafx li FRANCO DEBONO huwa IRRELEVANTI issa minn qatt qabel.
Tal-partit LEJBURIISTA forsi kellhom jibghatu lil franco debono WAHDU flok edward, karmenu u charlie FORSI kien jaqta` figura ahjar.
Andre Briffa
Jan 17th, 13:54
Not buying this Labour....you are a party, yes a party not a movement, full of holes..just like the proposals you come up with!
Byron Abela
Jan 17th, 13:45
With the new energy policy well serie d
joseph green
Jan 17th, 13:42
Ejja halli ittelawna intom Sur Karmenu Vella , Serie A .
Joe Fenech
Jan 17th, 13:39
This Happened Because : Investors are not so sure to Invest in A country where a possible change of Goverment is Happening and OF COURSE the BUDGET that josephmuscat.com wouldn't pass but would take credit and use it if he got elected .
Joseph Camilleri
Jan 17th, 13:38
@ warren griscti wants to convey a message that Malta is in a state of faqar! just a quick glance at the electoral campaign of lejber it is all shiny full of spectacular posters iphones everywhere? Just how can lejber have the audacity to fool us that Malta is doom and gloom land? This is autrocious.What nerve and how can people be stark raving ignorant to realise that joseph is a fatal atraction!
DR EMMANUEL BEZZINA,MA,MAG.JUR.[EU Law],LL.D.,
Jan 17th, 13:38
We now need a new coach to take up Malta to the Premier League or SERIE A..........but will the players be disciplined ? Those who will not submit to DISCIPLINE must be disembowelled.
George Calleja
Jan 17th, 15:31
Malta has had various foreign and local coaches but it remained stuck in the doldrums. Maybe they need someone with many titles after his name to boast its placings.
Gustav Svensson
Jan 17th, 13:36
Yep Malta is in division B and any sane person can understand that much tougher times are ahead for Malta. and the real estate bubble is about to burst. PN creatred the mess and PL won't be able to anything about it.. it's like a snow ball rolling down from the hill..
Jason Vella Tabone
Jan 17th, 13:34
.....continued...I welcome the promise to reduce bills however I would also like some confort that my taxes are not going to go up as that would render the PL\s promise to reduce bills as a mere marketing stunt. Havind said that i still think that both parties have to let me know more and give me more information as apparently this election is only revolving around this power station. I need more.
jm busuttil
Jan 17th, 13:33
Yes sure Malta has been relegated to Serie B thanks to Labours auto goal.
Labours transfer market is already showing failure so if they will take over and in a few weeks time play in Serie B they will finish up in all the lower divisions and will have to re register.
Mark Cassar
Jan 17th, 13:32
kemm huma helwin.....immagina kieku hemm huma fil-gvern! Niftakar zmien Dr.NO-TO-EU Sant...konna qed nilghabu ma'l-amateurs ta' Andorra jew Lichtenstein, u jekk jitilghu huma nergghu nkunu f'dik il-kategorija bl-esperti kollha li ghandhom maghhom!
Jason Vella Tabone
Jan 17th, 13:30
I just got Married a few months ago and I am what people call a floating voter who is not that well versed in the the technical aspects of such large projects or economics. This is the first time i will be voting for myself and my family so i am paying attention to both sides here. If the PL reduces the bills then that would be welcome indeed but I do not want want to start paying more taxes.....
M Borg
Jan 17th, 16:10
Just ask yourself, whch is the best for you , having a job and things staying as they are now or paying €100 less on your W & E bills and risking your job.
You will quickly get your answer
A Tonna
Jan 17th, 13:30
It does not take much to know that if you keep going in the same direction as PN are proposing we end up as a non league club. Extrapolating the trend chart of S&P we will end up at the bottom, and if one extrapolates the debt chart, then this will sky rocket. A change in direction sometimes is needed to safeguard competitiveness even if and when things look good. This is basic in good management
Sandro Borg
Jan 17th, 13:13
knowing of a possible futre PL office in goverment we have been put in Seria B and if this comes through be sure that with PL in office we will be sent to Seria C1
Joseph Cauchi Senior
Jan 17th, 13:07
Question: What is common between KMB (Karmenu Mifsud Bonnici) and JM (Joseph Muscat)?
Answer: Both scared the Maltese with health issues.
KMB used to scare the Maltese with AIDS (if Malta joined the EU) and now Joseph Muscat is scaring us with this ‘cancer and asthma’ gimmick and scaremongering!
KMB=JM!
JC.
Joseph Cauchi Senior
Jan 17th, 13:06
JM’s proposal is for €100/€150 reduction per year (i.e. average of €2.50 p.wk.)!
Wow! What a reduction!
Who is that sane person who for just €2.50 a week is going to sacrifice and put at risk the overall well-being of his family in health, education, work and financial security, just to have JM as PM?
One must be mad and even madder to contemplate such scenario!
JC.
A Tonna
Jan 17th, 13:05
And who was to blame for the first downgrade?
Joseph Cauchi Senior
Jan 17th, 13:05
Joseph Muscat is showing us how naïve, short-sighted and how much he lacks political maturity by hedging all his bets on Konrad Mizzi’s proposal, for his political survival!
Konrad Mizzi has nothing to lose but a lot to gain; but Joseph Muscat has a lot to lose and nothing to gain!
Only time will tell when we see JM disappearing from the political scene!
JC.
Joseph Cauchi Senior
Jan 17th, 13:02
Joseph Muscat has tied his whole political reputation and survival on the issue of this energy proposal, as presented by Konrad Mizzi, as his Cavallo di Battaglia!
Joseph Muscat has declared that if this proposal won’t be implemented, for some reason or other, he would resign!
Then what?
JC.
anthony brincat
Jan 17th, 13:00
sahha il kulhadd sejjer fuq il blog ta siehbna dr franco debono li ma jibza min hadd fil pulitka
Joseph Portelli
Jan 17th, 12:59
ara min qed jitkellem! Ministru ta' zmien l-1980's!! U iehor li jrid li ddikjara li s-sahha ma jistax ikun li tibqa' b'xejn ghal kulhadd u li l-istipendji ma jistax ikun li jibqghu jinghataw lill-istudenti kollha!
anthony brincat
Jan 17th, 12:58
jekk jitilaw gonzipn il gass 32ewro id dawl 19 5ewro cent iktieba siehbi
Frank Gauci
Jan 17th, 15:54
Iktibli l-lottu siehbi !!!!
Anthony Schembri adami
Jan 17th, 12:57
This is only the result of objecting to a good buget, to which also Dr.Muscat admitted, , when ellection were to br held soon after.
anthony brincat
Jan 17th, 12:54
smajt lil tonio u konrad usmajt chalie mangion chris said tonio u chris il hin kollu jinterrompu u ma hallux lil ohrajn jitkelmu dan huwa sijal ta arroganza u ta paniku kik kissirtuh pajjiz wasal iz zmien li twarbu bil haqq mhux franco il leader tal partit pn waqqa il gvern
Joseph Caruana
Jan 17th, 12:54
Oh!
So the PN placed Malta's economy in Seria A, uxx?
I never heard that part of the story before from Labour.
And mind you, we all what Labour equals as in terms of economical policies and track record:
Relegation. Even though Il-Wing calls them the Golden Years.
K. Vella
Jan 17th, 12:52
Labour always as ever inconsistent.....
When the international monetary funds report good results...the LABOUR never comment or consider this as a news item.....now to justify their irresponsability they are using this to take a political mileage.....
Come on elves....bombard the Times on line now......
M Grima
Jan 17th, 12:59
Are you serious.
The PN make merry when an EU report, some head of sate or one of the credit rating companies comes out with something positive, yet blames it on Joseph Muscat when it reflects the haphazard and inefficient way GonziPN has been governing. Am I surprise? No, because I expect that from the masters in hypocrisy
Eve Axiaq
Jan 17th, 13:05
Oppozizzjoni isimha maghha, xogholha huwa li tikkritika. Inkella ma tissejjahx oppozizzjoni.
M Grima
Jan 17th, 13:05
You're just a sad little puppy whose only argument is to repeat the half truths which your PN has been feeding you. The only reason why our economy has not bulldozed is because the private sector, especially the financial one has been prudent in the way it has managed its operations. And, this is no thanks to GonziPN, which has crippled Enemalta and the Maltese economy with its mavericks.
Joseph Camilleri
Jan 17th, 13:40
why do you worry to speak to these doom and gloom party. glitzy posters shiny iphones in squares and yet all this money is coming from a country where they themselves are speaking of a country finanzi fis sod because they are displaying it themselves. lejber is just a bunch of sad moaners who have no idea that Work should be the bait and not 25% special one time offer !
Andre Briffa
Jan 17th, 13:53
haha well said!
Simon Scerri
Jan 17th, 12:51
If Malta according to Labour got relegated, Labour never got promoted to Serie A!!!!!
Steve Zammit
Jan 17th, 12:49
jitilghu l-PL u inkunu Seria C1 jew C2
Jew aghar xi 3rd Diviosn tal-league Malti, li fuq livel ta' football taljan jigi qisu F2
G Caruana
Jan 17th, 12:44
“We published enough to show the plan is credible,” he said.
You published absolutely nothing, power point presentations only impress idiots.
We want to see the real workings & studies but since they don't even exist then your project is a fake.There were no studies all along, Now Malta will go bankrupt & Mr. Accountable will have to warrab.
Eve Axiaq
Jan 17th, 12:55
Mela anke int tlift il-fiducja f'Gonzi li se johrog tellief?
Paul Meilak
Jan 17th, 12:43
Mela hsibtna l-Juventus jew ?!!
Cant imagine this kind of people, speaking this way in Brussels !
Jason Zammit
Jan 17th, 12:59
No 1 halili it Team favorit tieghi fil kwiet siehbi u it tieni i do agree with your second comment , ara xfarsa ikun fijom hemm fuq dawk , lizjed jibatu lil Joe Debono Grech hahahahhahahahahah bit termos u il hobs tal malti jithlilom fil parlament hahhahahahhaha
Peter Paul Cassar
Jan 17th, 13:36
le hasbuna preskritti hux!!
A Bezzina
Jan 17th, 12:42
Such senseless acts ... PL voted against a budget which it ten promised to implement, if it is elected!! How can these people EVER be trusted! Thanks for ridiculing us with the rest of the world! But then, what do we expect from PL? It's not the first time they've ridiculed Malta, and apparently nor the last!!! What an embarrassment of a party ...
Kenneth Williams
Jan 17th, 12:47
Staqsi lill FRANCO DEBONO
J Debrincat
Jan 17th, 13:15
I find this argument very weak. Surely a budget should not have been put up by a government which did not have a clear majority to rule and was intent on stringing it’s term out as long as possible. the issue was not necessarily the budget but the government that tried to implement it. the lines became blurred and it became a vote of confidence for PN, of which it failed. Irresponsible
John L Galea
Jan 17th, 13:55
It was Franco debono who voted against not the PL. Also Gonzi knew this from much before but for their dirty tactics they presented the budget the same sot hat they can blame it on the PL during the election campaign as they have nothing else to offer.
Mr Joseph Azzopardi
Jan 17th, 12:41
I know for a fact that S&P never mentioned any proposals put forward by the LP in its report. Also, I seriously doubt that S&P even considered this in its report as it was published a mere few days after the proposal and a downgrade is much more premeditated.
A Bezzina
Jan 17th, 12:39
Yeah ... and it's all PL's fault!! Thank you very much!! Rub it in ....
Etienne Cachia
Jan 17th, 12:34
Labour MP Karmenu Vella
Nixtieq nigbidlek l-attenzjoni
Serie B forsi waqajna, mhux Non league bhall ma gibtu l-pajjiz intom f'22 xahar li ghamiltu u bhal- attitude tieghek !!!
Dan l-Wind of change ... nies godda.... bhalek ez: qilek minn 1976!!
Andrew Vassallo
Jan 17th, 12:34
Socialism means one thing - happy poor people but more poor people.
Angelo Vassallo
Jan 17th, 12:27
@ Wally Vella-Zarb
If you know how to read maybe you will able will be able explain to us what is written in the S&P report and why we were downgraded.
Perhaps it is because with the new POWER STATION that the partit LEJBURISTA is proposing to built, Standard and Poor's know very WELL that we will be surely be heading FULL SPEED AHEAD INTO THE WALL.
Mr B Vella
Jan 17th, 12:39
You should go and read the report before you start commenting.......!!!
Mark Brincat
Jan 17th, 12:42
Angelo ... S&P's report is based on PAST performance not FUTURE ... so ... yes ... Tonio Fenech is to blame ... for the huge debts (as mentioned in the report)
A. Agius
Jan 17th, 12:46
Mr Vassallo, can you please quote where the S&P report mentions the proposed power station please? It surely mentions the ever growing Enemalta's debts but could not find anything about PL's proposal
Kenneth Williams
Jan 17th, 12:50
Bl istess argument tieghek il power station tal labour l anqas ser nohorgu penny wiehed ghax dik ser ihallasa il privat ...jew ma tifhemx jew ma tridux tifmu biex thawdu l imhuh...mhux taghna ta ...
Eve Axiaq
Jan 17th, 12:51
@Angelo. Ghaliex anke int TLIFT il-fiducja f'Gonzi li mhux se jirbah?!
Mr B Vella
Jan 17th, 12:26
Instead of going somwhere to hide Tonio Fenech.........He wants's to open our eye's....and if this is not arrogance ...........!!!!! Oh my God.!!
A. Agius
Jan 17th, 12:26
It's incredible how some people try twisting things around. S&P downgraded Malta based on its current performance. Malta is governed (for quite some time now) by a nationalist government. So all this scaremongering and blame PL attitude is simply unrealistic. These are just feeble arguments to conceal the fact that we need a change in direction to reverse these harming downward trends
Denis Pace
Jan 17th, 14:04
Who do we believe?
Germany, the major economic force in Europe OR Karmenu Vella, architect of the shambles of the dark days of the 70's/80's??
Joseph E Briffa
Jan 17th, 12:18
is this all the Lab thinktank can say? what utter nonsense. Mangion shld realise that with all the reductions Lab is offering, less married women wld look for a job. .Financial guru Scicluna shld realise that the low jobless rate coupled with the biggest labour force is the result of the creation of thousands of new jobs. Vella shld stick to speaking about Italian football. Lab are hilarious
Angelo Vassallo
Jan 17th, 12:18
Il-MINISTRU / I tal-FINANZI u l-EKONOMIJA fi hdan il-gvern LEJBURISTA ser jkun / u l-Profs. Edward Scicluna, is-Sur Karmenu Vella u l-Perit Charles Mangion li mistennija jiggieldu u jitqatlu bejniethom minn ser ikun in-NO. 1, in-NO. 2 u n-No. 3.
E Gatt
Jan 17th, 12:17
Another news conference by the Ministry of Magic.
C Busuttil
Jan 17th, 12:19
le dawk l-ohrajn li jiehdu 500zieda minghajr hadd ma jkun jaf!!!!!!!!!!!
ghalfejn tparlaw jahasra
A Tonna
Jan 17th, 13:15
Well said Mr Busuttil. Ma nistaghx nifhem kif nies bhal dawn jigu ngannati hekk u jibqghu icapcpulu. Bil-fors li ghandhom xi balla flus xi jroxxu u jigu jaqghu u jqumu minn mhux sinjur daqshom biex dawn l-affarijiet ma jaffettwaghhomx.
Andre Sammut
Jan 17th, 14:33
@ C Busuttil Ahjar jiehdu l 500zieda u Malta tmur tajjeb kif marret (mhux qedt nghid li kollox ward u zar ta!!) imma fejn pajjizi ohra konna tajjeb!!), milli ma jihdux 500 zieda u nidhlu go hajt!!
Alan Xuereb
Jan 17th, 12:12
Is this the future gov, people are going to vote for? All the beef promised by muscat is ending up in mad cow disease!
Joseph Aquilina
Jan 17th, 12:11
... and where did Cyprus get relegated?? Tell us Joseph tell ... or now Cyprus is not the model we should follow! Lejber as always does not want to face the FACT that currently the economies around the world are not doing so good and WE - THANKS TO PN - still have a strong economy to be proud of, still have plenty of jobs, still have a good standard of living! Can the people in Cyprus say that?
Alan Xuereb
Jan 17th, 12:15
Prosit, well said!
M Grima
Jan 17th, 12:25
What a short memory you've got, I guess because it suits you. Remember Dr. Gonzi harping that we should follow the Irish model back a few years ago. Remember how fondly he used to grin and tell us that the Maltese should imitate the Irish tiger Thanks to your PN, especially Tonio Fenech, we have now been downgraded yet again in the space of a few months.l.
That's GonziPN for you - Amateurs
C Busuttil
Jan 17th, 12:26
What about Ireland, the example to follow according to the PN ?
It seems that we are following the Irish example after all.
the government has no merit in avoiding the economic meltdown, it was thanks to the conservative business operations of our banks, otherwise the gov would have had to borrow to save the banks. Not to mention that we have ALREADY a VERY BIG BIG deficit
Edgar Gambin
Jan 17th, 12:10
No, Prof. Scicluna you did not publish enough to show the plan is credible. People and experts are asking a lot of questions to which up to now you provided no answers because you have nothing in hand to answer these questions. This is purely a mess for which Malta will be paying a high price.
S Portelli
Jan 17th, 12:10
For S&P short-term and currency risk we are still in serie A. For other credit rating agency moody's and fitch we are still are. Even the EU gave us this. So lets get things done. No party will gain from this.
George Cutajar
Jan 17th, 12:01
The three wise men who, from what they are saying, have a plan to take Malta back to the Serie A. But what is this plan? Can we have some decent proposals? S & P's downgrade puts a big burden on Labourvto come up with the beef and tell us what they will do if elected. To-date all we have had is a promise of a massive investment in a power station which will probably send us into Serie C.
M Grima
Jan 17th, 12:27
Be patient Dr. Cutajar, the beef is still being dished out.
PN - promises, plans haphazardly, fails to deliver
PL - plans professionally, promises, delivers on schedule.
Marco Galea
Jan 17th, 12:33
Please M Grima, enlighten me about what PL has delivered on schedule!!
George Cutajar
Jan 17th, 12:36
No problem in waiting. Only if you cook the beef too much you tend to ruin it.
Jason Zammit
Jan 17th, 12:45
@ M Grima
PL - plans professionally, promises, delivers on schedule.
Tista itina xi ezempju fuq dan listatment sur Grima ????? ghax sa fejn naf jien PL promised NO VAT and he intoduced CET+33 new Taxes......sa fejn naf jien PL wedni stipendji lili lewwel wiehed u meta tela is Sur Bartolo qalilna li dawn huma self .......ghajdilna ftit sur Grima what PL Promised and he delivered ax insejt
M Grima
Jan 17th, 12:49
@ Marco Galea
Definitely not these :-
- Mater Dei
- Cirkewwa Terminal
- Manoel Dimech Bruidge
- Arriva project
- Closure of Marsa Power station
- BWSC extension
- Gozo's slaughter house
- Crafts Village
- White rocks sports complex
- Hundres of roads all over Malta & Gozo
- Reduction of Income Tax
- Legal reform
- Cancer Unit
- Whistleblower act
- Gozo Helicopter service
A Tonna
Jan 17th, 13:20
Mr Grima insejt ic-cirasa fuq il-kejk; l-Smart City fejn sehinba talabna biex immorru naraw il-bini tiela.
Jason Zammit
Jan 17th, 17:21
@ m Grima
i have been 5 hours waiting to let me know what PL promises anf he delivers .....5 hours waiting u baaaaaahhhhhhhhhhhhhhhhhhhh
Joseph Cauchi Senior
Jan 17th, 12:00
S&P have examined the MLP’s proposal on energy and seeing how things are going to be made, they got a RED ALERT!
Yes, S&P are being very cautious in their assumptions when they hear these ‘majestic’ proposals of a new and unwanted power station, as a huge white elephant project, that would lead Malta into a concrete wall, gas-down!
Keep it up Labour, you never learn!
JC.
Wally Vella-Zarb
Jan 17th, 12:14
I think that it is you who never learns. First learn to read and then maybe you will be able to understand what is written in the S&P report and why we were downgraded.
S. Zammit
Jan 17th, 11:54
Its funny how PL only mention the negative. They never mentioned whenever Malta was in serie A amongst the top countries in the EU. " Shame on YOU PL"
effie stafrace
Jan 17th, 12:14
shame on you mr zammit.when was malta in seria a?we had 2 recessions in four years and a lot of families are on their knees.with these debt that is being mentioned the future looks bleak and it will take a lot off time our standard of living will be decent again
Jason Zammit
Jan 17th, 12:50
@ effie stafrace
our standard of living will be decent again ?????
are you serious ???? switch on your TV , put it on Euro News and have a look around so you can see all the protests and the disasters many countries are in ..... u ahna paxxuti
have a break my friend
Eric Bonello
Jan 17th, 11:53
PT3. They had all the cards in front of them but they chose the one which would do more harm to our country. If the opposition had the people interest at heart it would have voted in favour of the budget & ensured that our country benefited from it. But they chose otherwise and it was there choice, they’re decision but our loss.
A. Agius
Jan 17th, 12:12
If Gonzi had the people's interest at heart he would have asked Austin Gatt to resign and (irrelevant) FD would have voted with the government for the the budget. But "il-par idejn sodi" were not enough to persuade Gatt to resign, yet expected PL to vote in favor of the budget instead. Gonzi also had the option to call an earlier election, but that would have not been in the interest of the PN!!
A. Agius
Jan 17th, 12:12
so who chose the card which would do more harm to our country?
Eric Bonello
Jan 17th, 12:35
PT1 .In your own pathetic words, you expect the government to give in to FD demands & call an early election because FD said so, than again no matter what was happening internally in the PN, the opposition had a duty to play its role & in that if failed, it chose to topple the government, it chose to vote against the budget & it chose to deprive the Maltese families
Marco Galea
Jan 17th, 11:53
According to official statistics, he said, the Labour Force had increased by just 4,000.
SO JOBS DID INCREASE ... other countries recorded a record in unemployment!
effie stafrace
Jan 17th, 12:18
mr galea a company in halfar is using the contract method to employ workers.some workers had their contract terminated and renewed for three times in one year.does this mean that 3 jobs where created?
Marco Galea
Jan 17th, 12:31
no Effie it means that the workers in Hal Far got a job renewed for three times, when in other countries they would be unemployed and there will be no company in Hal Far!
Mr C Galea
Jan 17th, 11:53
There we have it all those in favour of the P N perhaps should think twice about who to vote for ?
"The country’s debt was reducing its flexibility and it was borrowing for unproductive projects."
I wonder what Mr Gonzi has to say about this fab Quote?
Enlighten us Mr Gonzi.
S. Cuschieri
Jan 17th, 11:59
unproductive projects?? excuse me? do you think that improving our infrastructure, building new schools, building up projects to attract tourists, and loads of other stuff can be described as 'unproductive'???
you must be kidding me! & to call it a 'fab quote' is even more detrimental!
Joseph Aquilina
Jan 17th, 12:13
So I guess for lejber better schools and a better health system are an example of unproductive projects! Wow! I am now more scared of what lejber would do if ever trusted to lead us for 5 years!
M Grima
Jan 17th, 12:34
@ C Galea
You forgot to mention Smart City or rather Ghost City which was the PN's war cry during the last election wherein it was promised that it will create 5,600 jobs. You also failed to mention the Crafts village which has featured in the last three electoral manifestos of the PN and also the White Rocks sports village complex.
Should we trust PN to give us more of the same? NO WAY!!!!!
Eric Bonello
Jan 17th, 11:53
PT2.the same debt they’re mentioning been there for more than a year and S&P never downgraded Malta because the government have debt, the downgrade from S&P happened after the MLP voted against the budget. Useless to blame the government on this issue, Gonzi said it many times if they want too, they can vote in favour of the budget and then vote against the government after.
M Grima
Jan 17th, 12:41
Wrong Eric.
Yes, the debt was still there but it was supposed to decrease with government's partial repayments according to the budget speech. This never happened and the debt continued to increase. The result was S & P's downgrading. Mention one instance when the opposition voted in favour of a government's budget. NEVER.
Admit it Eric, you and your party are in Panic mode
Eric Bonello
Jan 17th, 11:53
PT1. What a cheek, it’s a bit rich coming from the same opposition which joined alliance with FD and voted against the budget to topple the government. If according to CV Malta been relegated to Serie –B, it’s because the MLP couldn’t stop sulking and stomping its feet and with vengeance kicked the ball in our own net. Now they’re blaming this and that, to save their face,
S. Cuschieri
Jan 17th, 11:51
kieku kollox hazin bhal ma jghidu tal-PL kieku ilna f'recession kemm ilna nezistu.... kollox hazin jaraw! huwa fatt inkredibbli kif kull ma jsir f'dan il-pajjiz hu hazin ghal PL - il-fatt li n-nies qedin jghixu hajja komda (u tghidulix le ghax min jaf kemm hawn min jehli flus imbad jghid li ma jwassalx sa l-ahhar tax-xahar) hi ga bizzejjed biex ma tikkonvincunix!
M Farrugia
Jan 17th, 11:48
Malta relegated to serie B is right!! That's becasue the polls already show the PL is on the verge of winning an easy election, and the international organisations are preparing for the worst to come.
Charles Cremona
Jan 17th, 11:47
The PL economic team remind me of the three stooges!
Joseph Camilleri
Jan 17th, 11:44
After all these colourfull banners and posters and iphones in squares, I start to wonder, how lavish this party is and all they do is moan and groan that we are in misery land! They are the wolf dressed in a 25% reduction plan. When this bubble is burst I would like to look joseph muscats in the eye, and see if he dares say to me " I made a mistake " to list all the ones he did like the EU!
Warren Griscti
Jan 17th, 12:04
The bubble that only burst was that of finanzi fis sod mr joseph.malta has been shown that we don't have finanzi fis sod. Gonzipanik
John Borg
Jan 17th, 12:23
Ask the EU Warren re Finanzi fis sod ... better than asking Joseph PL
Joseph Portelli
Jan 17th, 11:43
ara min qed jitkellem - meta fi zmien meta kien/kienu ministru Malta kienet fis-serie Z!
Joseph Camilleri
Jan 17th, 11:41
What is really serious about this country is that an election campaign by a party who wishes to show the people that it is the answer to all the problems is not how to create jobs but how to alienate them from them. They are offering us a joke 25% reduction of energy. What low iq people are not seeing is that not without a job they wont even be able to pay the remaining 75% of the bill" then what?
Warren Griscti
Jan 17th, 12:06
Il faqar tahtkom zdid habib.
Charles Mizzi
Jan 17th, 11:37
Ok thanks, could you please explain how you are going to put it back to serie A again ?
R. Gauci
Jan 17th, 11:33
'Tibzawx mid-dejn, ihallsuh uliedna u ulied uliedna', dan zgur mhux xi hadd mill-PL kien qalu.
Issa ghandhom il-wicc tost li jwahhlu fil-PL wara li fallewna.
John Borg
Jan 17th, 12:06
Mela is super one biss tara sur gauci?, qatt ma dawwartlu naqra fuq il BBC News u smajtom jejdu li Malta hu wiehed mil aktar pajjizi fl EU li ghandu finanzi fis sod? ... Nahseb li huma iktar kredibli ir rapporti li tohrog l EU milli ta Joseph PL (jekk johrog rapporti)! ahna fatti jridu u mhux paroli.
David Azzopardi
Jan 17th, 11:33
minghalijja il Juve kienu serie B u telaw serie A u spiccaw hadu il league :)
Mark. Galea
Jan 17th, 11:33
U wara t-8 ta' Marzu, stennew is-Serie C bil-PL fil-gvern.
R. Azzopardi
Jan 17th, 12:02
Qed tkun generuz hawn habib. nahseb 3rd division ta l-MAFA is more likely.
Please choose the reason of your report below: